Has Microsoft Lost Its Mojo (Again)?
This week, Satya Nadella kicked off Microsoft’s annual Build developer’s conference with typical boasts about new products and a sunny view of AI. The focus of his speech was how Microsoft was going gaga for agentic AI. But there was a cloud over the gathering at San Francisco’s Fort Mason, and I’m not talking about Azure.
While the valuations and share prices of its competitors have soared, Microsoft’s stock has been down this year. Its workplace AI products, which like just about everything at Microsoft these days are called Copilot, have had disappointing uptake. And while the company was an early leader in coding tools, Anthropic has grabbed the lead with its groundbreaking agentic approach to coding. Microsoft responded by ending its Claude Code licenses to force its developers to use Copilot.
Meanwhile, GitHub, the invaluable code repository and Microsoft subsidiary, has had unprecedented downtimes that have led...
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